PSX · POWER GENERATION & DISTRIBUTION · 30 Min
NCPL Descending Triangle breakdown
Nishat Chunian Power Limited · 04 Nov 2026 · 12:00 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 47.90 on the breakout. Target 40.94, invalidation 49.90.
Trade plan
● Active- Close
- 47.90
- ▼ 1.03%
- Target
- 40.94
- -14.5%
- Invalidation
- 49.90
- +4.2%
RiskReward
- Reward : risk
- 3.5 : 1
- ATR
- 0.50
- Price now
- 48.50 +1.3%
Outcome measured on the 30 min bars after the signal: target or invalidation, whichever is touched first; a bar touching both counts as invalidated.
- Target
- Invalidation
- Pattern lines
- Fair value gap (bull / bear)
- Order block
- Strong / weak high and low
- BOS · CHoCHstructure breaks
SMC Structure · Order Blocks · FVG · Pattern Detector 30 Min candles · click to enlarge
The breakdown
NCPL broke below its descending triangle on the 30-minute close at 47.90.
Projected target 40.94 (-14.5%). The pattern is invalidated beyond 49.90 (+4.2%), a reward-to-risk of about 3.5 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 54.85). Nearest supply OB 48.80 - 49.45.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 47.90.
- 2 The target, 40.94 (-14.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 49.90 (+4.2%), cancels the setup.
- 4 Reward : risk is 3.5 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the descending triangle
A descending triangle is a falling upper trendline meeting flat support; a close below support usually continues the fall, a close above the trendline signals a reversal.
- Confirmation
- A candle close outside the triangle.
- Target
- The triangle's widest height, projected from the breakout.
- Fails if
- A close back inside the triangle soon after the break (a fake-out).